Crown Crafts stock price down 0.31% on Friday
(Updated on Jan 21, 2022)
Sell candidate since 2022-01-20 Loss -0.31% PDF
The Crown Crafts stock price fell by -0.31% on the last day (Friday, 21st Jan 2022) from $7.04 to $7.02. and has now fallen 3 days in a row. During the day the stock fluctuated 2.47% from a day low at $6.88 to a day high of $7.05. The price has fallen in 7 of the last 10 days and is down by -3.46% for this period. Volume has increased on the last day by 13 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 23 thousand shares were bought and sold for approximately $164.90 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.32% during the next 3 months and, with a 90% probability hold a price between $6.14 and $6.87 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, December 21, 2021, and so far it has risen 1.28%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Crown Crafts stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $7.07 and $7.15. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Crown Crafts gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss
Crown Crafts finds support from accumulated volume at $6.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.17 between high and low, or 2.47%. For the last week the stock has had a daily average volatility of 1.81%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Crown Crafts stock A Buy?
Crown Crafts holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.658Sell Candidate Unchanged
Insiders are neutral buying more shares than they are selling in Crown Crafts
In the last 100 trades there were 602.03 thousand shares bought and 453.72 thousand shares sold. The last trade was done 162 days ago by Nie Zenon S who sold 11 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside. In some cases larger purchases can be explained by due date for stock options.
Predicted Opening Price for Crown Crafts of Monday, January 24, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price January 24, 2022||Current price|
Remember To Visit Our YouTube Channel
DA Davidson does not see either upside or downside right now giving CRWS "Neutral" on their last update on Nov 12, 2020. The price target was changed from $6.00 to $7.00.
CRWS Insider Trading
|Aug 13, 2021||Sell||10 996||Nie Zenon S||Common Stock|
|Aug 13, 2021||Buy||10 996||Nie Zenon S||Common Stock|
|Aug 11, 2021||Buy||8 033||Stensrud Patricia||Common Stock|
|Aug 11, 2021||Buy||8 033||Ratajczak Donald R||Common Stock|
|Aug 11, 2021||Buy||8 033||Nie Zenon S||Common Stock|
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
Click to get the best stock tips daily for free!
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Join 100 000+ Happy SubscribersDon't miss out on the runners!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.